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Thread: HDB Valuation still high, why?

  1. #1

    Default HDB Valuation still high, why?

    Office rental goin down!
    Private Appartment goin down too!
    Shop space cheaper now!
    recession sets in....
    But, HDB valuation still high, Why?

  2. #2
    ClubSNAP Idol Adam Goi's Avatar
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    Default Re: HDB Valuation still high, why?

    I guess it's still early days?

    You planning to move? I'm also seriously considering to get a place for my own ...

  3. #3

    Default Re: HDB Valuation still high, why?

    same here...waiting only. Hehehe
    One-North Explorers
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  4. #4

    Default Re: HDB Valuation still high, why?

    perhaps the price is controlled by the HDB....??

  5. #5
    vince123123
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    Default Re: HDB Valuation still high, why?

    This is in fact true, whether or not intentionally.

    HDB prices its new flats based on resale flat pricing, and hence, the tail chases the head and the head is propped up by the tail.

    Quote Originally Posted by weiconghon View Post
    perhaps the price is controlled by the HDB....??

  6. #6

    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by vince123123 View Post
    This is in fact true, whether or not intentionally.

    HDB prices its new flats based on resale flat pricing, and hence, the tail chases the head and the head is propped up by the tail.
    I didn't understand any head or tail of this...

  7. #7
    vince123123
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    Default Re: HDB Valuation still high, why?

    Take a look at this thread where I explained the concept quite a fair bit:

    http://www.clubsnap.com/forums/showthread.php?t=395980

    Quote Originally Posted by AMediaLuz View Post
    I didn't understand any head or tail of this...

  8. #8
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    Default Re: HDB Valuation still high, why?

    At least 80% singaporeans stay in HDB, we wouldnt want in any situations lost in paper value. This is where all our CPF money is, our retirements etc. Government or HDB say they never control, they cant control, but they influence heavily by Supply. Hence, buying a HDB is sure win in most situations.

  9. #9
    vince123123
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    Default Re: HDB Valuation still high, why?

    If you buy a flat/house to stay in and not to speculate/upgrade/downgrade, then you have nothing to fear as far as paper value is concerned.

    Quote Originally Posted by 3in1c View Post
    At least 80% singaporeans stay in HDB, we wouldnt want in any situations lost in paper value. This is where all our CPF money is, our retirements etc. Government or HDB say they never control, they cant control, but they influence heavily by Supply. Hence, buying a HDB is sure win in most situations.

  10. #10
    Senior Member melvin's Avatar
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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by Minlon View Post
    Office rental goin down!
    Private Appartment goin down too!
    Shop space cheaper now!
    recession sets in....
    But, HDB valuation still high, Why?
    Because it is not low la....!

    Most of the hdb flats valuation is base on comparetative methods. Meaning the valuers will compared the price of the flats in the area to determine the valuation. Valuation will onli be low if the purchasing price is low!

    And there is something i would like to stress on bring upon ur attention in which a lot of people misunderstood about valuation report that is:

    1) Valuation does not determine the price of a property.

    2) Valuation is to assist the purchaser in taking housing loan.

    So if u are not taking loan not using CPF U, Paying by cash u dun need a valuation report!

    No need to bother about the valuation high or low. Just Buy the flat at market rate or the price u are comfortable with.


  11. #11
    Senior Member melvin's Avatar
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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by Adam Goi View Post
    I guess it's still early days?

    You planning to move? I'm also seriously considering to get a place for my own ...
    Quote Originally Posted by sbs99 View Post
    same here...waiting only. Hehehe
    Bros... if u are thinking of getting a flat in a location near ammenities like Center, Mrt etc... advice to u is no need to wait cos the price will not be much difference!

    As the market peaks have supass previous peak but the low will not supass the previous low.

  12. #12
    Senior Member melvin's Avatar
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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by weiconghon View Post
    perhaps the price is controlled by the HDB....??
    Control by sellers and buyers!

  13. #13
    Senior Member melvin's Avatar
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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by vince123123 View Post
    This is in fact true, whether or not intentionally.

    HDB prices its new flats based on resale flat pricing, and hence, the tail chases the head and the head is propped up by the tail.
    IIRC Not 100% based on resale when brand new unless they are those 5yrs flat and still not sold then those will be based on market rate!

  14. #14
    Senior Member melvin's Avatar
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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by 3in1c View Post
    At least 80% singaporeans stay in HDB, we wouldnt want in any situations lost in paper value. This is where all our CPF money is, our retirements etc. Government or HDB say they never control, they cant control, but they influence heavily by Supply. Hence, buying a HDB is sure win in most situations.
    Quote Originally Posted by vince123123 View Post
    If you buy a flat/house to stay in and not to speculate/upgrade/downgrade, then you have nothing to fear as far as paper value is concerned.
    No worry about paper value la.......Properties on the whole if u look at the graphs it is always upward trend so if u have the holding power just hold on and wait for the right time to sell!

  15. #15
    vince123123
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    Default Re: HDB Valuation still high, why?

    Nothing is 100%. But it is common and public knowledge that brand new flats are priced based on resale flats. That is how the term "market subsidy" came about. This applies even for brand new flats.

    Your logic is strange, are you saying that they jackup the price when it is not sold?

    Quote Originally Posted by melvin View Post
    IIRC Not 100% based on resale when brand new unless they are those 5yrs flat and still not sold then those will be based on market rate!

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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by melvin View Post
    No worry about paper value la.......Properties on the whole if u look at the graphs it is always upward trend so if u have the holding power just hold on and wait for the right time to sell!
    Well, its for those taking it as investment. I have no plans to sell in near future, perhaps till its fully paid...wow long time

  17. #17
    Senior Member melvin's Avatar
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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by vince123123 View Post
    Nothing is 100%. But it is common and public knowledge that brand new flats are priced based on resale flats. That is how the term "market subsidy" came about. This applies even for brand new flats.

    Your logic is strange, are you saying that they jackup the price when it is not sold?
    Bro not my logic HDB la......IIRC after 5 yrs not sold they will sell them at slightly lower then market rate all this will fall under the balloting system. unless there is any latest changes can check with HDB cos i got no dealings with them unless Resale!

  18. #18
    Senior Member melvin's Avatar
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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by 3in1c View Post
    Well, its for those taking it as investment. I have no plans to sell in near future, perhaps till its fully paid...wow long time
    Then no worries for u! Stay for good is the best!

  19. #19
    vince123123
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    Default Re: HDB Valuation still high, why?

    Orh okay lor, it wasn't clear from your initial post that you are talking about your perception of HDB's logic.

    Quote Originally Posted by melvin View Post
    Bro not my logic HDB la......IIRC after 5 yrs not sold they will sell them at slightly lower then market rate all this will fall under the balloting system. unless there is any latest changes can check with HDB cos i got no dealings with them unless Resale!

  20. #20
    Senior Member melvin's Avatar
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    Default Re: HDB Valuation still high, why?

    Quote Originally Posted by vince123123 View Post
    Orh okay lor, it wasn't clear from your initial post that you are talking about your perception of HDB's logic.
    No prob! heee.....

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